Profit slum for Sports Direct – our commercial solicitors look into why…
Profits at Sports Direct have plummeted nearly 60%, which the firm said was largely due to the weaker pound. Pre-tax profit fell to £113.7m from £275.2m in 2016 because of “currency movements and increased depreciation charges”. Chief executive and the owner of Newcastle Football Club, Mike Ashley, said it had now taken steps to “minimise…